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Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: National Portion | 67% | - Transfer of Title - Property Ownership - Practice of Real Estate - Valuation and Market Analysis - Contracts - Land Use Controls and Regulations - Financing - Property Condition and Disclosures - Real Estate Calculations - General Principles of Agency |
| Topic 2: Virginia State Portion | 33% | - Escrow Accounts and Trust Funds - Licensing Requirements and Regulations - Disclosure Requirements - Agency Definitions and Relationships - Virginia Fair Housing Law and Regulations - Specific Acts Governing Real Estate Practice |
Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:
What is a marketable title?
- A. constructive or actual notice of real property ownership
- B. an abbreviated history of a property, including information on any transfers, grants, wills, conveyances, liens, and encumbrances
- C. a title free from significant encumbrances or defects (such as liens) that might prevent a purchaser from enjoying or eventually selling the property
- D. the official opinion of an attorney regarding the condition of a property's title
Correct Answer: C 🗳️
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Four investors agree to co-ownership of an investment property. They have arranged the ownership structure so that if one of them dies, the decedent's ownership stake passes to the remaining investors. What form of co-ownership do the investors have?
- A. tenants in common
- B. sole ownership
- C. joint tenancy
- D. community property
Correct Answer: C 🗳️
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Sellers and license holders are required to disclose lead- based paint hazards on all properties built before:
- A. 1974
- B. 1972
- C. 1976
- D. 1978
Correct Answer: D 🗳️
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An licensee in Virginia writes an online ad. It MUST include all of the below:
- A. the licensee's name, the name of the firm in which the licensee is active, and the city and state in which the licensee's place of business is located
- B. the licensee's name and the name of the firm in which the licensee is active
- C. the licensee's name, the name of the firm in which the licensee is active, the city and state in which the licensee's place of business is located, and the licensee's phone number
- D. the licensee's name, and the city and state in which the licensee's place of business is located
Correct Answer: B 🗳️
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What was the outcome of Plessy v. Ferguson?
- A. The Supreme Court decided that "separate but equal" separation of the races was legal as long as Black and white facilities were equal.
- B. The Supreme Court decided that the enforcement of racially based restrictive covenants was illegal.
- C. The Supreme Court decided that racially based zoning was illegal.
- D. The Supreme Court decided that racial segregation of children in public schools was illegal.
Correct Answer: A 🗳️
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